Hudbay Minerals Inc. (NYSE:HBM – Get Free Report) (TSE:HBM) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 6,540,000 shares, a decrease of 6.6% from the June 30th total of 7,000,000 shares. Based on an average trading volume of 3,610,000 shares, the short-interest ratio is presently 1.8 days.
Hudbay Minerals Price Performance
NYSE HBM traded down $0.50 on Thursday, hitting $7.84. The stock had a trading volume of 1,289,156 shares, compared to its average volume of 2,881,340. Hudbay Minerals has a 52-week low of $3.94 and a 52-week high of $10.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.40. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 36.26 and a beta of 1.82. The firm has a 50-day moving average of $8.98 and a 200-day moving average of $7.63.
Hudbay Minerals (NYSE:HBM – Get Free Report) (TSE:HBM) last posted its earnings results on Tuesday, May 14th. The mining company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.13. Hudbay Minerals had a net margin of 4.36% and a return on equity of 6.22%. The business had revenue of $524.99 million for the quarter, compared to analysts’ expectations of $463.69 million. Equities analysts expect that Hudbay Minerals will post 0.59 EPS for the current year.
Institutional Trading of Hudbay Minerals
Analyst Ratings Changes
HBM has been the subject of a number of research reports. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Bank of America raised shares of Hudbay Minerals from a “neutral” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Tuesday, April 9th. Jefferies Financial Group increased their target price on shares of Hudbay Minerals from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Friday, July 12th. National Bank Financial raised shares of Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Finally, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and a consensus target price of $10.36.
Read Our Latest Report on Hudbay Minerals
Hudbay Minerals Company Profile
Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.
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